Genuine Sahara investors quite low: Sebi chief
May 20, 2013
Sahara chief Subrata Roy meets with SEBI
Apr 10, 2013
Tuesday December 10, 2013
In a written reply to Rajya Sabha, Minister of State for Finance NamoNarain Meena said "Sebi has not spent spent any amount out of the Rs 5,120 crore of investors' money received from the Saharas towards its own expenses."
Tuesday November 26, 2013
The fresh proposal follows after the Supreme Court last week restrained Sahara group from selling any properties and restrained Subrata Roy and three other top executives from leaving the country without the court's permission. The court will hear th...
Thursday November 21, 2013
The Supreme Court on Thursday restrained Sahara Group chief Subrata Roy from leaving the country. The top court also barred the group from selling any of its properties. The development comes in the wake of market regulator Securities and Exchange Bo...
Thursday November 21, 2013
The court had by its October 28 order said that Mr Roy and his two directors against whom Sebi has moved a contempt petition will not leave the country till the market regulator has received the original title deeds and also examined them to its sati...
Wednesday November 20, 2013
Sebi on Wednesday told the top court that Sahara overvalued its properties and did not hand over all original title deeds of the assets.
A Vaidyanathan | Friday November 1, 2013
The Supreme Court in its order on October 28 had asked the Sahara Group to hand over the title of properties worth Rs 20,000 crore to the market regulator Securities and Exchange Board of India (Sebi) within three weeks and also imposed curbs on Mr ...
Thursday October 31, 2013
Sahara had moved the apex court on October 29 claiming that there was a mistake in its October 28 order restraining Mr Roy from leaving the country till it hands over title deeds of its properties to Sebi.
Wednesday October 30, 2013
The court today refused to pass an interim order for allowing Mr Roy to go abroad, saying it cannot do so until an application is filed.
A Vaidyanathan | Tuesday October 29, 2013
In its order passed yesterday, the Supreme Court had asked Mr Roy not to leave the country till his company submitted original property deeds worth a whopping Rs 20,000 crore to market regulator Sebi (Securities and Exchange Board of India) within th...
A Vaidyanathan | Monday October 28, 2013
The Supreme Court had earlier asked Sahara and Sebi to find a mechanism for refunding around Rs 19,000 crore of investors' money.
Friday October 4, 2013
Referring to media reports that the group has recently purchased immovable property in London worth Rs.256 crore, the bench said that if the report is true then the group is well capable to pay the investors' money with SEBI and asked whether it can ...
Tuesday September 3, 2013
Two firms of the group submitted that there is no willful disobedience on their part in complying with the apex court's order on refunding the money to investors through SEBI and questioned the market regulator's conduct against them.
Tuesday August 27, 2013
Two Sahara Group firms and their chief Subrata Roy, facing contempt proceedings for alleged non-refund of around Rs 24,000 crores to investors, told the Supreme Court on Monday that contempt proceedings cannot be started for ensuring compliance of th...
Tuesday August 13, 2013
The Supreme Court said on Tuesday that it is "extremely difficult" to believe Sahara group's contention that it had refunded Rs 22,000 crore to its investors even before an order was passed directing its firm to deposit Rs 24,000 with market regulato...
Tuesday August 6, 2013
Sahara group has told the Supreme Court that its chief, Subrata Roy, is not liable for refunding Rs 24,000 crore collected by its two firms from investors, countering the arguments of market regulator Securities and Exchange Board of India (Sebi), wh...
A Vaidyanathan | Wednesday July 24, 2013
The Supreme Court had in August last year directed two Sahara group companies to refund around Rs 24,000 crores to its investors because Sebi found that these investors were not genuine, and Sebis permission to collect money was not taken. Sahara is ...
Thursday July 11, 2013
The government has asked Securities and Exchange Board of India (Sebi) to set up a committee to look into compatibility of market watchdog's regulations for private placement of securities with the proposed measures in this regard in the new Companie...
Tuesday July 9, 2013
The Supreme Court had asked the two Sahara firms -- Sahara India Real Estate Corp Ltd (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL) -- to refund through Sebi more than Rs 24,000 crore to the bondholders with interest.
Sunday June 23, 2013
Market regulator Securities and Exchange Board of India (Sebi) has been able to get hold of cash and investments totalling about Rs 52 crore and details of more than 450 acres of land so far through its attachment orders against Sahara group entities...
Sunday June 9, 2013
In the high-profile Sahara case involving refund of over Rs 24,000 crore to investors, market regulator Securities and Exchange Board of India (Sebi) has got a new problem at hand - that is handling the huge volumes of refund claims with majority of ...